Housing
New Zealand’s opposition vows to shake up central lender, as it prospects in polls
The Reserve Lender of New Zealand (RBNZ) constructing in Wellington, New Zealand, on Wednesday, Feb. 22, 2023. Mark Coote | Bloomberg | Getty Illustrations or photos New Zealand’s central bank could have its policy targets narrowed noticeably and be subject matter to an external evaluation if the middle-proper Nationwide Party opposition wins election this 12 months, as political scrutiny of the bank intensifies. […]
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Here are the 8 trades and 3 price-target changes we made during a busy week
Our portfolio experienced a flurry of adjustments in a week dominated by Nvidia’s (NVDA) quarterly results Wednesday evening and Federal Reserve Chairman Jerome Powell’s Jackson Hole address Friday. Here’s a day-by-day look at the trades and price-target changes, and what motivated each decision. Monday Monday proved to be a harbinger for the rest of the […]
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Dubai luxurious household charges soar by almost 50%, with Tokyo’s up 26%. This is where other cities stand
Large-increase tower properties alongside the central Sheikh Zayed Road in Dubai on July 3, 2023. Karim Sahib | Afp | Getty Images Dubai’s luxurious home price ranges surged by nearly 50% in the calendar year up till June, sustaining its top rated ranking for the eighth consecutive quarter, according to a new report by Knight Frank. […]
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Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023. Nathan Howard | Bloomberg | Getty Images Mortgage rates jumped last week to the highest level in 23 years, pushing mortgage demand from homebuyers to the lowest level in 28 years. Total mortgage application volume fell 4.2% last week, compared with the previous week, according […]
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Home sales fall again in July, as supply drops to near quarter-century low
Sales of previously owned homes dropped 2.2% in July from June to a seasonally adjusted, annualized rate of 4.07 million units, according to the National Association of Realtors. Sales were 16.6% lower compared with July of last year. Homes sold at the slowest July pace since 2010. This count is for closings, so contracts were […]
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Mortgage rates hit their highest point since 2000
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 2023 in Cutler Bay, Florida. Joe Raedle | Getty Images Mortgage rates jumped Monday, following a rise in bond yields driven by investors’ concerns that high interest rates and inflation […]
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As recession fears fade, we may possibly be encountering a ‘richcession’ as a substitute — here’s what that implies for you
A ‘richcession’ may possibly be underway “In most recessions, unemployment rises more for reduce-profits groups,” explained Tomas Philipson, a professor of community policy reports at the College of Chicago and previous acting chair of the White House Council of Economic Advisers. “Although we are not in an all round economic downturn still, the demand from […]
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Weekly mortgage demand drops again, as interest rates match a 22-year high
A real estate agent shows a home to a prospective buyer in Miami. Getty Images Mortgage rates rose for the third straight week last week, matching a 22-year high. As a result, mortgage demand dropped as well. Total mortgage application volume was 29% lower than the same week one year ago, according to the Mortgage […]
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Homebuilder sentiment drops sharply, as mortgage rates surge over 7%
Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023. Mike Blake | Reuters Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped six points to 50 in August, according to […]
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The Airbnb result: why second houses have turn out to be so divisive
In early June 2023, the mayor of the Italian city of Florence declared an speedy ban on new limited-expression rentals in its UNESCO-protected historic center. The measure follows endeavours by local authorities around the globe to regulate the expansion of Airbnbs, 2nd households and limited-phrase rentals due to overtourism and a worsening housing disaster. CNBC […]
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